- Coinbase and Kraken each donated $1 million.
- Ripple announced it would deliver $5 million worth of XRP.
- The expectation for Trump's pro-cryptocurrency policies is drawing industry attention.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The virtual asset (cryptocurrency) industry is pouring money into the inauguration of U.S. President-elect Donald Trump.
According to Fox Business on the 20th (local time), cryptocurrency exchanges Coinbase and Kraken each donated $1 million to Trump's inauguration. Ripple is also reportedly set to deliver $5 million worth of XRP.
This donation is interpreted as reflecting the industry's expectations for President-elect Trump's pro-cryptocurrency policies. Meanwhile, Trump will be inaugurated as the 47th president on January 20 next year.
Doohyun Hwang
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